Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$130,124$130,124$270,000
Remaining term (yrs)17.117.130.0
Secondary amount$0$139,876$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.964%7.640%
1st payment$939.44$939.44$1,869.43
2nd payment$0.00$932.50$0.00
Taxes / mo$230.26$230.26$230.26
Insurance / mo$150.00$150.00$150.00
MI / mo$123.96$123.96$54.00
HOA / mo$267.00$267.00$267.00
Total monthly$1,710.66$2,643.16$2,570.69
Cash to close$169,876$30,000$30,000